Consortium of investors sells Kotura to Mellanox Technologies
Aug 16, 2013 (MarketLine Financial Deals Tracker via COMTEX) --
Kotura, Inc. has been acquired by Mellanox(R) Technologies, Ltd. (Mellanox Technologies, Inc.), an Israel-based supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for servers and storage, for approximately $82 million in cash.
Kotura is a US-based developer of advanced silicon photonics optical interconnect technology for high-speed networking applications.
Announcement (May 15, 2013):
Kotura has signed a definitive agreement to be acquired by Mellanox for approximately $82 million in cash.
Kotura is backed by venture capital firms, ARCH Venture Partners, Fuse Capital (formerly Velocity Interactive Group; ComVentures), GF Private Equity Group, LLC, Rockley Ventures, and Viterbi Group, LLC.
J.P. Morgan is acting as financial advisor and Latham & Watkins LLP is acting as legal advisor to Mellanox, while Mooreland Partners LLC is acting as financial advisor to Kotura.
The transaction is expected to close in the second half of 2013.
Deal Type Venture Finance
Deal Status Completed: 2013-08-15
Target (Company) Kotura, Inc.
Acquirer (Company) Mellanox(R) Technologies, Ltd.
According to Mellanox, "the acquisition will expand its ability to deliver high-speed networks with next generation optical connectivity, allowing data center customers to meet the demand of performance, Web 2.0, cloud, data center, database, financial services and storage applications."
The acquisition will also enhance Mellanox's competitiveness and its position as a provider of high-performance, end-to-end interconnect solutions for servers and storage systems.
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